Looking for the best CD rates? CD rates vary widely, but some banks offer up to 4% APY for shorter terms. As of October 17, 2025, the highest CD rate is 4.25% APY. Online banks and credit unions also offer competitive rates, making them great options for higher interest on deposit accounts.

The national average CD rates are lower than today’s top rates. It’s essential to shop around for the best rates before opening an account. CDs are secure and stable, backed by federal insurance, but early withdrawal penalties apply. Consider your savings goals before deciding between a CD, high-yield savings account, or investing in the market.

Read more at Yahoo Finance: Best CD rates today, October 17, 2025 (up to 4.25% APY return)